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FPL ANNOUNCES SALE OF FIRST MORTGAGE BONDS

 FPL ANNOUNCES SALE OF FIRST MORTGAGE BONDS
 MIAMI, Aug. 18 /PRNewswire/ -- Florida Power & Light Company (FPL)


today accepted an offer for the sale of $100 million of 30-year first mortgage bonds, designated Secured Medium-Term Notes, Series B, bearing interest at 8 percent per year and maturing on Aug. 25, 2022.
 The bonds will be offered to the public at 98 percent of par to yield 8.18 percent when held to maturity. FPL's interest cost, after underwriting commissions, is 8.23 percent. The sale was underwritten by Kidder Peabody & Co. Incorporated. A prospectus relating to the securities may be obtained from the underwriter.
 Proceeds from the sale will be added to FPL's general funds and are expected to be used, along with other funds, to redeem $100 million of first mortgage bonds, 10.125 percent Series, due Aug. 1, 2017. The redemption is expected to occur on or about Sept. 18, 1992.
 FPL is one of the largest investor-owned electric utilities in the nation and the principal subsidiary of FPL Group, Inc. (NYSE: FPL).
 -0- 8/18/92
 /CONTACT: Bill Swank of Florida Power & Light Co., 305-552-3894 or 305-552-3895/
 (FPL) CO: Florida Power & Light Co. ST: Florida IN: UTI SU:


SS-XX -- FL003 -- 0954 08/18/92 12:20 EDT
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Publication:PR Newswire
Date:Aug 18, 1992
Words:209
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